You only have access to basic statistics. It imposed interest rate controls, selective credit policies and controls on the entry and exit of financial institutions, according to a separate report of the Asian Development Bank. Established in 1937, Nepal Bank Limited is the first commercial bank of Nepal. : 11021. There are two fully-owned government banks and one partially owned government bank in Nepal. Janata Bank Nepal Limited (JBNL) (Nepali: ) is the class 'A' commercial bank established in the year 2010 under the Bank & Financial Institutions Act, 2063. : 20394. The number of commercial banks grew from three in 1985 to 14 in 2000. After the merger, NIC ASIA was recognized as "Bank of the Year 2013-Nepal" by The Banker, Financial Times, UK. The bank is an 'A' class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. As a Premium user you get access to the detailed source references and background information about this statistic. Shrestha says if there are many mergers, the monopoly of banks will increase, and that too is not good as they can increase interest rates freehand. Prime Commercial Bank Ltd. Box No. As of mid-March 2022, there were 27 commercial banks, 17 development banks, 17 finance companies, 66 micro finance institutions, and one infrastructure development bank in the country.
The government was substantially involved in the management and operations of the banks.
By definition, commercial banks are meant to conduct commercial activities. Nepals banking sector is less concentrated than other regional economies, and concentration ratios have declined between 2015 and 2020. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Number of commercial bank branches per hundred thousand adults in Nepal from 2009 to 2018 [Graph]. Krishana Prasain is a business reporter for The Kathmandu Post covering markets. Laxmi Bank Limited has 115 branches(26 inside Kathmandu Valley and 89 outside Kathmandu Valley) and 138 ATMs branches(53 inside Kathmandu Valley, 85 outside Kathmandu Valley) out of which 33 are Off-Located ATMs. Trade Tower, Thapathali, Kathmandu, NepalTelephone: +977-1-5111177/5111179Toll-Free: 16600177771Fax: +977-1-5111180Email: [emailprotected]P.O. Machhapuchchhre Bank Limited has 136 Branch Offices, 4 Extension Counters, provides 121 branchless banking services and 154 ATMs spread all across the country. In India, as of March 2022, there were 34 commercial banks. Hattisar, Kathmandu, NepalTelephone: +977-1-4444684/685Fax: +977-1-4444640/743Email: [emailprotected]. Civil Bank Limited (CBL) (Nepali: ) is a commercial bank in Nepal founded in 2010, the bank is an 'A' class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. The government opened Nepal Industrial Development Corporation (NIDC) in 1959, Rastriya Banijya Bank in 1966 and Agricultural Development Bank in 1968. (August 14, 2020). The bank is an 'A' class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. : 26559. Similarly, there are 11 small, 15 finance banks and 43 regional rural banks. Copyright 2018 - Facebook: number of monthly active users worldwide 2008-2022, Smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q1 2022, Profit from additional features with an Employee Account. Sunrise Bank Limited The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. Industry-specific and extensively researched technical data (partially from exclusive partnerships). Figures have been rounded. Siddhartha Bank Limited is 'A' class commercial bank licensed by Nepal Rastra Bank and has 159 branches all across the nation with its head office in Kathmandu which provides entire commercial banking services and remittance services.
Mega Bank Nepal was founded in August 2010 as a class 'A' commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services. Of the respondents from banking and financial institutions, 79 percent said the merger process had enhanced the risk-bearing capacity of the banking and financial systems, 67 percent opined that it had increased the investment capacity, 51 percent opined that it had helped maintain healthy competition, and 52 percent opined that it had helped increase operational efficiency. Register in seconds and access exclusive features. It was renamed NIC ASIA Bank on 30 June 2013 after it merged with Bank of Asia. The bank also operates 103 ATMs throughout the country. Citizens Bank International Limited has been established as a reliable and trustworthy partner for all financial solutions. Sanima has 79 full-fledged branches and one extension counter within and outside the Kathmandu Valley and has further plans to expand its reach in the various part of the country. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. To use individual functions (e.g., mark statistics as favourites, set Chart. Century Commercial Bank Limited Bank Of Kathmandu Ltd. These results imply that banking sector merger has been beneficial for banking and financial institutions. It has been established by prominent business personnel and professionals from diversified areas with a prime objective of providing 'Banking Services to Everyone' in the country where still a large number of the population is deprived of Banking Services. In, UNESCAP. From 1994 to 2000, total banking credit increased from Rs23 billion to Rs96 billion. : 19441. Among them, 12 are public sector banks and 22 are private sector banks. Machhapuchchhre Bank Ltd. : 9799. Kamaladi, Kathmandu, NepalTelephone: +977-1-4226247/4228671Fax: +977-1-4228036Email: [emailprotected]P.O. Then you can access your favorite statistics via the star in the header. Box No.
Use Ask Statista Research Service. From the late 1950s to the 1960s, the government expanded the finance sector by opening new banks and financial institutions. While the promoters come from a wide range of sectors, they possess immense business acumen and share their valuable experiences towards the betterment of the Bank. Civil Bank Ltd. However, operational efficiency of the banking sector has not significantly improved, the study said. The study show that Nepal has progressed a lot during the last one decade in terms of financial access compared to its neighbours. Commercial banks in Nepal were by nature not the type of banks that make huge investments in projects, Shrestha said. List of Internet Service Provider in Nep. Financial access has widened as shown by the higher availability of commercial bank branches and the percentage of adults having accounts. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Until the mid-1980s, there were only four banks and a few insurance companies, all owned by the government. Access to this and all other statistics on 80,000 topics from, Show sources information Show publisher information Box No. "Mergers have enlarged the capital of banks, enabling them to invest more.". On the non-bank side, the share of insurance companies is 5.5 percent and the share of cooperatives is 4.5 percent, according to the report. : 19327. Statista. NCC Bank completed its 22 years of banking services and recently, entered into a historic merger with four Development Banks Infrastructure Development Bank Ltd., Apex Development Bank Ltd., Supreme Development Bank Ltd. and International Development Bank Ltd. At present, NCC provides banking services and facilities to rural and urban areas of the country through its 120 branches and 81 ATMs scattered all over the country. By 2000, Nepals finance sector had mushroomed. Babarmahal, KathmanduTelephone: 01-4246160Toll-Free: 16600125252Email: [emailprotected]. According to Shrestha, banks and financial institutions that relied on commercial activities for decades are now gradually becoming capable of making large investments in infrastructure projects. Siddhartha Bank Ltd. Prime Commercial Bank Limited (PCBL) (Nepali: ) was incorporated in September 2007 as the 21st commercial bank in Nepal. The liberalisation measures induced private sector entry and rapid sector expansion. The bank's shares are publicly traded as an 'A' category company in the Nepal Stock Exchange. You need at least a Single Account to use this feature. Alakapuri, Naxal, Kathmandu, NepalTelephone: +977-1-4443901, +977-1-4428977/79/80Fax: +977-1-4428969Email: [emailprotected]P.O. Citizens Bank International Limited(CZBIL) (Nepali: ) is established on April 2007 as the 20th commercial bank of the nation, "Citizens Bank International Limited", has its corporate office at the heart of the financial sector of the country, Narayanhiti Path, Kathmandu. Accessed July 21, 2022. https://www.statista.com/statistics/674703/commercial-bank-branches-per-100-thousand-adults-nepal/, UNESCAP. Directly accessible data for 170 industries from 50 countries Corporate solution including all features. Box No. If the number of mergers increases, the numbers of banks will decline, helping to concentrate on efficiency gain, Shrestha said. The Head Office of the Bank is located at Bagbazar, Kathmandu. All Rights Reserved. Box No. Civil Trade Center, Sundhara, Prabhu Bank Limited (PRVU) (Nepali: ) is a commercial bank in Nepal. The bank is an 'A' class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.
Century Commercial Bank Limited (CCBL) (Nepali: ) is a commercial bank in Nepal established on January 23, 2011 with the objective of providing simplified banking services by taking advantage of innovations in information and communication technology. Nepal witnessed the first merger of two commercial banks in its history.
Bank of Kathmandu Limited (BOK) (Nepali: ) was established in the year 1995 with the goal to make customer life easier and with a vision to become a significant contributor to the economic development of Nepal by distinguishing the Bank as an efficient, competitive, safe and top-quality financial institution. Janata Bank Nepal is operating with 143 branches, 3 extension counters, 1 Limited Branch Outlet (LBO), 104 ATMs and 50 Branchless Banking Outlets scattered around the country. Please create an employee account to be able to mark statistics as favorites. Prabhu Building, Babarmahal, KathmanduTelephone: +977-1-4788500Fax: +977-1-4780588Email: [emailprotected]P.O. It also has more than 50 ATMs points all over the Nepal. Global IME Bank Ltd. Borrowers from commercial banks (per 1,000 adults), Depositors with commercial banks (per 1,000 adults), Bank nonperforming loans to total gross loans (%), Automated teller machines (ATMs) (per 100,000 adults), Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 15+), Domestic credit provided by financial sector (% of GDP), Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+), International Comparison Program & Purchasing Power Parity, International Household Survey Network (IHSN), Trust Fund for Statistical Capacity Building. It was establishedby Juddha Shumsher, which marked the beginning of an era of formal banking in Nepal. MEGA Bank Nepal Limited Access to banking services also improved, and the population served per bank branch rose from 36,000 to 42,000 during the same period. The 'A' class commercial bank started its banking operations from its own head office located in the foothills of Mount Machhapuchchhre in the town of Pokhara since the year 2000. Mega Bank offers a wide range of Banking Products and financial services to the Corporates, Mid-Corporates, SMEs, Consumers and Micro Customers through a variety of delivery channels. NMB Bank Limited In addition, 52 percent of the respondents reported that the per employee operation cost had declined after the merger, 50 percent reported that per employee operating profit had increased, and 62 percent reported that employee productivity had increased. The private sector credit to GDP ratio has increased to over 88 percent, which is above many South Asian countries. The report, based on a survey conducted among bank management and experts, says the merger process has produced many positive impacts, at least in the short run. However, there is a need for the regulator as well as the involved institutions to focus on operational efficiency gains of the banking and financial institutions in the post-merger phase, the report said. All of the bank's branches have been established as full-service outlets. The bank was established with the largest capital base at the time with a paid-up capital of NPR 1.0 billion. Sanima received the operating license from Nepal Rastra Bank to function as an "A" Class Commercial Bank in 2012. The bank's shares are publicly traded in the Nepal Stock Exchange. It is promoted by eminent personalities, business and industrial houses and reputed individuals having high social standing and have been managed by a team of experienced bankers and professionals. NMB Bank has been recognized as 'Bank of the Year in Nepal' for two consecutive years, 2017 and 2018 by The Banker, a service of the Financial Times, for its leading role in the countrys financial sector by using new digital technologies. This is the second time that the Bank was recognized with this prestigious award, the previous occasion being in 2007.
Box No. MBL Tower, Lazimpat, Kathmandu, NepalTelephone: +977-1-5970555, 4428556Toll-Free: 1660-01-23234Fax: +977-01-4425356Email: [emailprotected]. Narayanhiti Path, Kathmandu, NepalTelephone: +977-1-4427842/43/24Toll-Free: 16600166667Fax: +977-1-4427044Email: [emailprotected]. Box No. A paid subscription is required for full access. Global IME Bank Limited (GBIME) (Nepali: ) was established in 2007 as an 'A' class commercial bank in Nepal which provides entire commercial banking services. The bank currently has 106 branches, 29 branchless banking units, 4 extension counters and 121 ATM terminals. You need a Single Account for unlimited access.
: 26100. That number grew to as high as 220 in 2012. The study shows that the financial consolidation process in Nepal has been effective in many respects, at least in the short run. Due to lack of competition and government control, Nepals financial system was highly repressed. We are a technologically driven progressive bank with strong risk and corporate governance foundations. NIC ASIA Bank Limited the highest number of branches in Nepal. Bagbazar,Kathmandu, NepalTelephone: +977-1-4246991/4258056Toll-Free: 1660-01-45678Fax: +977-1-424610Email: [emailprotected]P.O. It is one of the highest-earning banks in Nepal and is one of the banks having the highest number of shareholders. If you continue to navigate this website beyond this page, cookies will be placed on your browser. The Bank has a network of 113 branches, 9 extension counters, 13 branchless banking and 70 ATMs across the country and offers a wide range of banking products in deposits, lending and other value added services such as internet/ mobile banking, remittance and branchless banking etc. Eleven to 15 commercial banks will be an appropriate optimal number in Nepal, said Shrestha. The Bank has successfully completed its 21 years of operation. Civil Bank Limited has 93 branches and 58 ATMs point all over the Nepal. : 13806. The bank is licensed by central bank of Nepal, the Nepal Rastra Bank and has 110 branches across the nation providing retail and commercial banking services. statistic alerts) please log in with your personal account. ) was incorporated in April 2002 as the 16th commercial bank in Nepal. It has 78 ATMs spread all across the country, it is one of the full-fledged national level commercial banks operating in Nepal. The paid-up capital of the bank has since been increased to NPR 4.14 billion. Moreover, 69 percent of the respondents reported that the risk bearing capacity had increased, 58 percent reported that the quality of the assets had improved, and 46 percent reported that the spread rate had declined after the merger process.